Definition of "Copayment"
Connie Dalton, Real Estate Agent
BOWEN REALTY, WELLINGTON
Partial payment of medical service expenses required in group health insurance, in addition to the membership fee. For example, for each visit of a physician a member may be required to pay $5, regardless of the expense of the services rendered. Or, for each prescription for drugs and medicines, the member may have to pay a flat $2 regardless of the actual cost.
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